Ordinance No. 19391 - Laserfiche WebLink

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determine, e. Subject only to the provisions of the resolutions heretofore adopted by the Eugene Water & Electric Board providing for the issuance of bands payable from the net revenues of the Electric Utility System, any pledge of the revenues or other monies or obligations of the Electric Utility System made by the City acting by and through the Baard shall have such a lien and priority as the Board shall determine and shall be valid and binding from the time such pledge is made, and the revenues or other monies or obliga- tions so pledged and thereafter received by the Board shall immediately be subject to the lien of such pledge without any physical delivery or further act. f. Without limiting the powers extended to the Eugene water & Electric Board to determine terms and conditions of the bonds and other evidences of indebtedness in addition to and not in conflict herewith, the Board is authorized, in its discretion, and to the extent permitted by law, to provide in connection with the authorization of any issue of such bonds, that such bonds and the interest thereon may be payable, collectible or registerable at any place or places within or without the state of Qregon; that such bonds may be issued in fully registered form or in coupon form regis- terable as to principal or as to both principal and interest, interchangeable or noninterchangeable, as between registered and coupon bonds and as between bonds of differing denomina- tions; that such bonds may be redeemable, either at the Ordinance - 4